CORPORATIONS ACT 2001

CHAPTER 6 - TAKEOVERS

PART 6.4 - FORMULATING THE TAKEOVER OFFER

Division 4 - Conditional offers

SECTION 627

627DISCRIMINATORY CONDITIONS NOT ALLOWED FOR OFF-MARKET BIDS

Offers under an off-market bid must not be subject to a condition that allows the bidder to acquire, or may result in the bidder acquiring, securities from some but not all of the people who accept the offers. It does not matter how the condition is expressed.